BROOKFIELD REAL ASSETS INCOME FUND INC. |
||||||||
Schedule of Investments (Unaudited)
|
||||||||
March 31, 2019 |
||||||||
|
Principal Amount (000s) |
Value |
||||||
U.S. GOVERNMENT & AGENCY OBLIGATIONS -
0.4% |
||||||||
U.S. Government Agency Collateralized Mortgage
Obligations - 0.0% |
||||||||
Federal National Mortgage Association |
||||||||
Series 1997-79, Class PL, 6.85%, 12/18/27 |
$ |
91 |
$ |
100,650 |
||||
Total U.S. Government Agency Collateralized Mortgage Obligations |
100,650 |
|||||||
U.S.
Government Agency Pass-Through Certificates - 0.4% |
||||||||
Federal Home Loan Mortgage
Corporation |
||||||||
Pool C69047,
7.00%, 06/01/32 |
165 |
182,290 |
||||||
Pool C56878,
8.00%, 08/01/31 |
42 |
42,803 |
||||||
Pool C58516,
8.00%, 09/01/31 |
34 |
34,562 |
||||||
Pool C59641,
8.00%, 10/01/31 |
64 |
66,317 |
||||||
Pool C55166,
8.50%, 07/01/31 |
88 |
91,171 |
||||||
Pool C55167,
8.50%, 07/01/31 |
53 |
54,207 |
||||||
Pool C55169,
8.50%, 07/01/31 |
53 |
54,078 |
||||||
Pool G01466,
9.50%, 12/01/22 |
16 |
15,727 |
||||||
Pool 555559,
10.00%, 03/01/21 |
0 |
372 |
||||||
Pool 555538,
10.00%, 03/01/21 |
0 |
75 |
||||||
Federal National Mortgage
Association |
||||||||
Pool 761836,
6.00%, 06/01/33 |
281 |
302,286 |
||||||
Pool 948362,
6.50%, 08/01/37 |
47 |
50,768 |
||||||
Pool 645912,
7.00%, 06/01/32 |
181 |
198,693 |
||||||
Pool 645913,
7.00%, 06/01/32 |
247 |
272,726 |
||||||
Pool 650131,
7.00%, 07/01/32 |
250 |
277,355 |
||||||
Pool 827853,
7.50%, 10/01/29 |
23 |
23,205 |
||||||
Pool 545990,
7.50%, 04/01/31 |
274 |
301,848 |
||||||
Pool 255053,
7.50%, 12/01/33 |
88 |
98,422 |
||||||
Pool 735576,
7.50%, 11/01/34 |
281 |
330,339 |
||||||
Pool 896391,
7.50%, 06/01/36 |
83 |
85,656 |
||||||
Pool 735800,
8.00%, 01/01/35 |
233 |
271,737 |
||||||
Pool 636449,
8.50%, 04/01/32 |
222 |
245,490 |
||||||
Pool 458132,
8.78%, 03/15/31 |
102 |
108,371 |
||||||
Pool 852865,
9.00%, 07/01/20 |
38 |
38,854 |
||||||
Pool 545436, 9.00%, 10/01/31 |
159 |
186,095 |
||||||
Total U.S. Government Agency Pass-Through Certificates |
3,333,447 |
|||||||
Total U.S.
GOVERNMENT & AGENCY OBLIGATIONS |
||||||||
(Cost $3,194,903) |
3,434,097 |
|||||||
SECURITIZED
CREDIT - 48.9% |
||||||||
Commercial
Mortgage-Backed Securities - 6.3% |
||||||||
Class B Notes |
||||||||
Moreland
Avenue, 9.23%, 11/01/20 (f) (l) (p) |
224 |
225,222 |
||||||
Browns
Bridge, 9.50%, 11/01/20 (f) (l) (p) |
118 |
118,104 |
||||||
Crossroads, 9.50%, 11/01/20 (f) (l) (p) |
169 |
168,500 |
||||||
Fayetteville, 9.50%, 11/01/20 (f) (l) (p) |
48 |
49,107 |
||||||
Lee &
White, 9.50%, 11/01/20 (f) (l) (p) |
91 |
93,099 |
||||||
North
River, 9.50%, 11/01/20 (f) (l) (p) |
186 |
190,447 |
||||||
Marshalls, 9.50%, 11/01/20 (f) (l) (p) |
383 |
386,916 |
||||||
Town and
Country, 9.50%, 11/01/20 (f) (l) (p) |
491 |
491,458 |
||||||
St. Louis
Holiday Inn, 10.08%, 07/01/20 (f) (l) (p) |
1,976 |
1,944,223 |
||||||
Cedar
Park, 11.00%, 06/01/19 (f) (l) (p) |
600 |
600,075 |
||||||
Credit Suisse Commercial
Mortgage Trust |
||||||||
Series 2006-C1,
Class K, 5.65%, 02/15/39 (e) (v) |
351 |
3,511 |
||||||
Hilton USA Trust
|
||||||||
Series
2016-HHV, Class E, 4.19%, 11/05/38 (e) (v) |
20,000 |
19,504,446 |
||||||
Morgan Stanley Capital I
Trust |
||||||||
Series
2007-T25, Class AJ, 5.57%, 11/12/49 (v) |
7,192 |
7,273,508 |
||||||
Series
2007-T27, Class AJ, 5.95%, 06/11/42 (v) |
2,677 |
2,826,084 |
||||||
Wachovia Bank Commercial Mortgage
Trust |
||||||||
Series
2005-C20, Class F, 5.44%, 07/15/42 (e) (v) |
1,110 |
1,073,461 |
||||||
Waldorf Astoria Boca Raton
Trust |
||||||||
Series 2016-BOCA, Class E, 6.83% (1 Month LIBOR USD + 4.35%), 06/15/29 (e) (v) |
20,000 |
20,012,000 |
||||||
Total Commercial Mortgage-Backed Securities |
54,960,161 |
|||||||
Interest-Only
Securities - 0.7% |
||||||||
Government National Mortgage
Association |
||||||||
Series
2010-132, Class IO, 0.41%, 11/16/52 (v) |
1,019 |
37,781 |
||||||
JP Morgan Mortgage
Trust |
||||||||
Series 2015-4,
Class 2X1, 0.29%, 06/25/45 (e) (v) |
87,340 |
1,398,590 |
||||||
Series 2014-5,
Class AX4, 0.48%, 10/25/29 (e) (v) |
9,762 |
98,701 |
||||||
Vendee Mortgage
Trust |
||||||||
Series 1997-2,
Class IO, 0.00%, 06/15/27 (v) |
5,730 |
6 |
||||||
Voyager CNTYW Delaware
Trust |
||||||||
Series 2009-1, Class 3QB1, 14.27%, 03/16/30 (e) (v) |
4,694 |
4,358,368 |
||||||
Total Interest-Only Securities |
5,893,446 |
|||||||
Other -
4.4% |
||||||||
Conseco Finance Securitizations
Corp. |
||||||||
Series 2001-4,
Class A4, 7.36%, 08/01/32 (v) |
28 |
27,917 |
||||||
GMACM Home Equity Loan
Trust |
||||||||
Series
2005-HE3, Class A2, 2.99% (1 Month LIBOR USD + 0.50%), 02/25/36 (s) (v) |
2,120 |
2,092,039 |
||||||
Series
2005-HE3, Class A1VN, 2.99% (1 Month LIBOR USD + 0.50%), 02/25/36 (s) (v) |
1,899 |
1,875,968 |
||||||
Series
2007-HE2, Class A2, 6.05%, 12/25/37 (v) |
1,327 |
1,309,376 |
||||||
Series
2007-HE2, Class A3, 6.19%, 12/25/37 (v) |
2,556 |
2,531,648 |
||||||
GMACM Home Loan
Trust |
||||||||
Series
2006-HLTV, Class A5, 6.51%, 10/25/29 (s) |
1,795 |
1,818,839 |
||||||
Irwin Home Equity Loan
Trust |
||||||||
Series 2006-1,
Class 2A3, 6.27%, 09/25/35 (e) (s) |
2,058 |
2,097,110 |
||||||
Lehman ABS Manufactured Housing
Contract Trust |
||||||||
Series 2001-B,
Class M1, 6.63%, 04/15/40 (v) |
10,017 |
10,476,179 |
||||||
Mid-State Capital Corporation
Trust |
||||||||
Series 2004-1,
Class M1, 6.50%, 08/15/37 |
2,553 |
2,741,494 |
||||||
Series 2004-1,
Class M2, 8.11%, 08/15/37 |
2,104 |
2,358,043 |
||||||
Series 2004-1,
Class B, 8.90%, 08/15/37 |
638 |
717,513 |
||||||
Mid-State Trust X
|
||||||||
Series 10,
Class B, 7.54%, 02/15/36 |
3,500 |
3,775,524 |
||||||
Oakwood Mortgage Investors,
Inc. |
||||||||
Series 2001-E,
Class A4, 6.81%, 12/15/31 |
5,418 |
5,355,549 |
||||||
Series 2001-D, Class A4, 6.93%, 09/15/31 (v) |
765 |
642,793 |
||||||
Total Other |
37,819,992 |
|||||||
Residential
Mortgage-Backed Securities - 37.5% |
||||||||
ACE Securities Corporation Home
Equity Loan Trust |
||||||||
Series
2006-OP1, Class A2D, 2.73% (1 Month LIBOR USD + 0.24%), 04/25/36 (s) (v) |
6,740 |
6,350,129 |
||||||
Alternative Loan
Trust |
||||||||
Series
2007-OA3, Class 1A1, 2.63% (1 Month LIBOR USD + 0.14%), 04/25/47 (s) (v) |
11,838 |
11,249,810 |
||||||
Series
2007-HY6, Class A1, 2.70% (1 Month LIBOR USD + 0.21%), 08/25/47 (s) (v) |
4,125 |
3,584,936 |
||||||
Series
2007-2CB, Class 2A11, 2.89% (1 Month LIBOR USD + 0.40%), 03/25/37 (v) |
4,097 |
2,596,083 |
||||||
Series
2005-10CB, Class 1A1, 2.99% (1 Month LIBOR USD + 0.50%), 05/25/35 (v) |
2,578 |
2,223,633 |
||||||
Series
2007-16CB, Class 4A5, 2.99% (1 Month LIBOR USD + 0.50%), 08/25/37 (v) |
7,598 |
6,130,989 |
||||||
Series 2005-51,
Class 4A1, 3.13% (1 Month LIBOR USD + 0.64%), 11/20/35 (s) (v) |
2,598 |
2,432,702 |
||||||
Series
2006-19CB, Class A9, 3.19% (1 Month LIBOR USD + 0.70%), 08/25/36 (v) |
3,173 |
2,216,351 |
||||||
Series
2007-12T1, Class A22, 5.75%, 06/25/37 |
2,513 |
1,791,635 |
||||||
Series
2007-15CB, Class A2, 5.75%, 07/25/37 |
1,441 |
1,209,845 |
||||||
Series
2007-15CB, Class A5, 5.75%, 07/25/37 |
1,326 |
1,113,640 |
||||||
Series
2006-29T1, Class 2A5, 6.00%, 10/25/36 |
1,973 |
1,602,768 |
||||||
Series
2006-41CB, Class 1A7, 6.00%, 01/25/37 |
1,681 |
1,382,622 |
||||||
Series
2006-45T1, Class 2A5, 6.00%, 02/25/37 |
3,245 |
2,668,189 |
||||||
Series
2006-29T1, Class 2A6, 6.50%, 10/25/36 |
3,097 |
2,625,887 |
||||||
Series
2006-23CB, Class 2A7, 18.46% (1 Month LIBOR USD + 28.40%), 08/25/36 (i) (v) |
1,582 |
2,086,189 |
||||||
Series
2006-29T1, Class 3A3, 53.26% (1 Month LIBOR USD + 78.40%), 10/25/36 (i) (v) |
704 |
2,141,184 |
||||||
BCAP LLC Trust |
||||||||
Series
2010-RR6, Class 1910, 3.14% (1 Month LIBOR USD + 0.33%), 11/26/35 (e) (s) (v) |
6,675 |
6,319,911 |
||||||
Series
2010-RR5, Class 5A10, 3.14% (1 Month LIBOR USD + 0.33%), 11/26/35 (e) (v) |
5,293 |
5,150,315 |
||||||
Series
2012-RR4, Class 5A6, 3.91%, 05/28/36 (e) (v) |
7,826 |
7,250,727 |
||||||
Series
2013-RR2, Class 3A2, 5.10%, 03/26/36 (e) (v) |
3,503 |
3,427,033 |
||||||
Chase Mortgage Finance
Trust |
||||||||
Series 2005-A2,
Class 3A2, 4.07%, 01/25/36 (v) |
1,964 |
1,788,115 |
||||||
Series 2007-A1,
Class 11M1, 4.10%, 03/25/37 (v) |
4,721 |
4,654,084 |
||||||
CHL Mortgage Pass-Through
Trust |
||||||||
Series 2006-20,
Class 1A18, 3.14% (1 Month LIBOR USD + 0.65%), 02/25/37 (v) |
6,453 |
4,140,066 |
||||||
Series 2007-5,
Class A29, 5.50%, 05/25/37 |
314 |
255,122 |
||||||
Series 2004-21,
Class A10, 6.00%, 11/25/34 |
125 |
129,823 |
||||||
Series 2007-18,
Class 1A1, 6.00%, 11/25/37 |
410 |
347,310 |
||||||
Citicorp Mortgage Securities
Trust |
||||||||
Series 2006-5,
Class 1A11, 3.39% (1 Month LIBOR USD + 0.90%), 10/25/36 (v) |
935 |
844,829 |
||||||
Citigroup Mortgage Loan
Trust |
||||||||
Series 2012-6,
Class 2A2, 4.09%, 08/25/36 (e) (v) |
14,453 |
14,260,848 |
||||||
Series 2009-11,
Class 8A2, 4.41%, 04/25/45 (e) (v) |
3,244 |
3,080,645 |
||||||
Series
2007-AR5, Class 1A2A, 4.56%, 04/25/37 (v) |
1,558 |
1,451,177 |
||||||
Series 2009-6,
Class 19A2, 6.00%, 03/25/36 (e) (v) |
3,611 |
3,446,371 |
||||||
Series 2009-8,
Class 2A2, 6.10%, 04/25/37 (e) (v) |
5,921 |
5,218,610 |
||||||
Countrywide Asset-Backed
Certificates |
||||||||
Series 2006-13,
Class 1AF4, 4.38%, 01/25/37 (v) |
3,696 |
3,707,632 |
||||||
Credit Suisse Mortgage
Trust |
||||||||
Series
2011-10R, Class 3A2, 4.71%, 09/27/36 (e) (v) |
3,499 |
3,516,997 |
||||||
First Horizon Alternative
Mortgage Securities Trust |
||||||||
Series
2005-FA8, Class 1A6, 3.14% (1 Month LIBOR USD + 0.65%), 11/25/35 (v) |
2,250 |
1,596,538 |
||||||
Series
2005-FA9, Class A1, 3.19% (1 Month LIBOR USD + 0.70%), 12/25/35 (v) |
1,947 |
1,438,282 |
||||||
GSAMP Trust |
||||||||
Series
2006-NC2, Class A2C, 2.64% (1 Month LIBOR USD + 0.15%), 06/25/36 (s) (v) |
672 |
438,404 |
||||||
Series
2006-HE8, Class A2C, 2.66% (1 Month LIBOR USD + 0.17%), 01/25/37 (s) (v) |
10,361 |
9,970,701 |
||||||
GSR Mortgage Loan
Trust |
||||||||
Series 2007-1F,
Class 4A1, 2.79% (1 Month LIBOR USD + 0.30%), 01/25/37 (v) |
9,589 |
5,128,071 |
||||||
Home Equity Asset
Trust |
||||||||
Series 2006-7,
Class 2A3, 2.64% (1 Month LIBOR USD + 0.15%), 01/25/37 (s) (v) |
8,260 |
6,669,313 |
||||||
IndyMac INDA Mortgage Loan
Trust |
||||||||
Series
2007-AR1, Class 1A1, 4.25%, 03/25/37 (v) |
1,564 |
1,497,969 |
||||||
Series
2007-AR3, Class 1A1, 4.44%, 07/25/37 (v) |
2,773 |
2,539,466 |
||||||
IXIS Real Estate Capital
Trust |
||||||||
Series
2007-HE1, Class A1, 2.55% (1 Month LIBOR USD + 0.06%), 05/25/37 (s) (v) |
2,881 |
989,968 |
||||||
Series
2006-HE3, Class A2, 2.59% (1 Month LIBOR USD + 0.10%), 01/25/37 (s) (v) |
806 |
377,936 |
||||||
Series
2007-HE1, Class A2, 2.60% (1 Month LIBOR USD + 0.11%), 05/25/37 (s) (v) |
4,587 |
1,585,305 |
||||||
Series
2006-HE2, Class A3, 2.65% (1 Month LIBOR USD + 0.16%), 08/25/36 (s) (v) |
15,111 |
5,877,741 |
||||||
Series
2007-HE1, Class A3, 2.65% (1 Month LIBOR USD + 0.16%), 05/25/37 (s) (v) |
1,414 |
491,581 |
||||||
Series
2007-HE1, Class A4, 2.72% (1 Month LIBOR USD + 0.23%), 05/25/37 (s) (v) |
2,681 |
939,513 |
||||||
Series
2006-HE1, Class A4, 3.09% (1 Month LIBOR USD + 0.60%), 03/25/36 (s) (v) |
539 |
341,317 |
||||||
JP Morgan Mortgage
Trust |
||||||||
Series 2003-A2,
Class B4, 4.41%, 11/25/33 (v) |
73 |
4,669 |
||||||
Series 2003-A1,
Class B4, 4.47%, 10/25/33 (v) |
104 |
67,290 |
||||||
MASTR Asset Backed Securities
Trust |
||||||||
Series
2006-NC3, Class A3, 2.59% (1 Month LIBOR USD + 0.10%), 10/25/36 (s) (v) |
3,677 |
2,261,625 |
||||||
Series
2006-NC2, Class A4, 2.64% (1 Month LIBOR USD + 0.15%), 08/25/36 (s) (v) |
9,707 |
5,184,749 |
||||||
Series
2006-NC3, Class A4, 2.65% (1 Month LIBOR USD + 0.16%), 10/25/36 (s) (v) |
6,203 |
3,851,098 |
||||||
Series
2006-HE5, Class A3, 2.65% (1 Month LIBOR USD + 0.16%), 11/25/36 (s) (v) |
14,934 |
10,175,522 |
||||||
Series
2006-NC2, Class A5, 2.73% (1 Month LIBOR USD + 0.24%), 08/25/36 (s) (v) |
480 |
260,214 |
||||||
Series
2005-NC2, Class A4, 3.19% (1 Month LIBOR USD + 0.70%), 11/25/35 (s) (v) |
9,988 |
6,968,060 |
||||||
Nomura Resecuritization
Trust |
||||||||
Series 2013-1R,
Class 3A12, 2.65% (1 Month LIBOR USD + 0.16%), 10/26/36 (e) (s) (v) |
16,814 |
16,666,824 |
||||||
Series 2014-1R,
Class 2A11, 3.34% (1 Month LIBOR USD + 0.13%), 02/26/37 (e) (v) |
32,375 |
24,565,103 |
||||||
Series
2015-11R, Class 4A5, 3.55%, 06/26/37 (e) (l) (v) |
3,034 |
2,001,949 |
||||||
Series 2014-6R,
Class 5A7, 4.13%, 04/26/37 (e) (l) (v) |
8,986 |
7,660,575 |
||||||
Series 2015-1R,
Class 3A7, 4.15%, 03/26/37 (e) (l) (v) |
5,650 |
4,314,741 |
||||||
Series 2014-2R,
Class 1A7, 4.42%, 01/26/36 (e) (l) (v) |
3,057 |
2,919,232 |
||||||
Series 2015-4R,
Class 3A8, 4.61%, 02/26/36 (e) (l) (v) |
19,700 |
19,306,362 |
||||||
Series 2015-1R,
Class 4A7, 4.69%, 12/26/37 (e) (l) (v) |
2,374 |
1,977,427 |
||||||
Series 2015-6R,
Class 2A4, 6.22%, 01/26/37 (e) (l) (v) |
15,193 |
12,482,590 |
||||||
Option One Mortgage Loan
Trust |
||||||||
Series
2007-FXD1, Class 3A6, 5.66%, 01/25/37 (s) |
690 |
674,704 |
||||||
RALI Trust |
||||||||
Series
2007-QO3, Class A1, 2.65% (1 Month LIBOR USD + 0.16%), 03/25/47 (s) (v) |
2,503 |
2,368,428 |
||||||
Series
2006-QO7, Class 2A1, 3.25% (12 Month US Treasury Average + 0.85%), 09/25/46 (v) |
10,210 |
9,196,474 |
||||||
Series
2006-QS14, Class A30, 48.94% (1 Month LIBOR USD + 81.25%), 11/25/36 (i) (v) |
102 |
261,313 |
||||||
Residential Asset Securitization
Trust |
||||||||
Series
2005-A13, Class 1A1, 3.19% (1 Month LIBOR USD + 0.70%), 10/25/35 (v) |
4,800 |
4,105,468 |
||||||
RFMSI Trust |
||||||||
Series 2007-S3,
Class 1A5, 5.50%, 03/25/37 |
2,507 |
2,181,317 |
||||||
Securitized Asset Backed
Receivables LLC Trust |
||||||||
Series
2006-NC3, Class A2B, 2.64% (1 Month LIBOR USD + 0.15%), 09/25/36 (s) (v) |
6,794 |
3,324,856 |
||||||
Series
2007-NC1, Class A2B, 2.64% (1 Month LIBOR USD + 0.15%), 12/25/36 (s) (v) |
4,695 |
2,662,371 |
||||||
Washington Mutual Mortgage
Pass-Through Certificates Trust |
||||||||
Series
2007-OA1, Class A1A, 3.10% (12 Month US Treasury Average + 0.70%), 02/25/47 (v) |
3,238 |
3,048,741 |
||||||
Series
2007-HY5, Class 1A1, 3.36%, 05/25/37 (v) |
3,515 |
3,173,813 |
||||||
Series
2007-HY5, Class 3A1, 3.68%, 05/25/37 (v) |
1,833 |
1,749,370 |
||||||
Wells Fargo Mortgage Backed
Securities Trust |
||||||||
Series
2006-AR5, Class 1A1, 5.08%, 04/25/36 (v) |
4,849 |
4,919,552 |
||||||
Series 2005-2, Class 1B1, 5.50%, 04/25/35 |
3,117 |
2,887,588 |
||||||
Total Residential Mortgage-Backed Securities |
323,500,337 |
|||||||
Total
SECURITIZED CREDIT |
||||||||
( Cost $434,049,676) |
422,173,936 |
|||||||
CORPORATE
CREDIT - 49.3% |
||||||||
Automotive -
0.0% |
||||||||
Motors
Liquidation Co., 0.00%, 07/15/33 (d) (f) (l) (n) |
8,250 |
825 |
||||||
Basic
Industrial - 2.2% |
||||||||
Cascades, Inc., 5.75%, 07/15/23
(e) (u) |
2,200 |
2,194,500 |
||||||
INEOS Group Holdings SA, 5.63%,
08/01/24 (e) (r) (u) |
9,850 |
9,825,375 |
||||||
Olin Corp., 5.00%, 02/01/30 (c) |
7,000 |
6,807,500 |
||||||
Total Basic Industrial |
18,827,375 |
|||||||
Construction
& Building Materials - 2.8% |
||||||||
Boise Cascade Co., 5.63%,
09/01/24 (c) (e) |
2,225 |
2,191,625 |
||||||
Lennar Corp., 4.75%,
11/29/27 |
4,500 |
4,502,104 |
||||||
PulteGroup, Inc., 5.00%,
01/15/27 |
625 |
620,312 |
||||||
PulteGroup, Inc., 6.38%, 05/15/33
(c) |
6,775 |
6,749,594 |
||||||
Toll Brothers Finance Corp., 4.88%, 11/15/25 (r) |
9,900 |
9,961,875 |
||||||
Total Construction & Building Materials |
24,025,510 |
|||||||
Energy -
4.1% |
||||||||
EP Energy LLC, 6.38%,
06/15/23 |
3,725 |
726,375 |
||||||
EP Energy LLC, 8.00%, 11/29/24
(c) (e) |
4,950 |
2,747,250 |
||||||
Indigo Natural Resources LLC,
6.88%, 02/15/26 (e) |
5,000 |
4,425,000 |
||||||
Newfield Exploration Co., 5.63%,
07/01/24 (c) |
6,150 |
6,717,030 |
||||||
Parsley Energy LLC, 5.25%,
08/15/25 (e) |
3,550 |
3,496,750 |
||||||
Parsley Energy LLC, 5.38%,
01/15/25 (e) (r) |
2,800 |
2,793,000 |
||||||
Pattern Energy Group, Inc.,
5.88%, 02/01/24 (c) (e) |
7,550 |
7,682,125 |
||||||
Puma International Financing SA,
5.13%, 10/06/24 (e) (u) |
2,800 |
2,521,008 |
||||||
Range Resources Corp., 4.88%,
05/15/25 (r) |
4,775 |
4,428,813 |
||||||
Range Resources Corp., 5.75%, 06/01/21 |
25 |
25,375 |
||||||
Total Energy |
35,562,726 |
|||||||
Financial
Services - 1.0% |
||||||||
Ambac LSNI
LLC, 7.59% (3 Month LIBOR USD + 5.00%), 02/12/23 (e) (u) (v) |
8,669 |
8,733,952 |
||||||
Health
Facilities - 2.9% |
||||||||
HCA, Inc., 5.25%, 06/15/26 (c)
(r) |
15,700 |
16,822,055 |
||||||
Tenet Healthcare Corp., 8.13%, 04/01/22 (c) (r) |
7,600 |
8,176,460 |
||||||
Total Health Facilities |
24,998,515 |
|||||||
Infrastructure
Services - 2.5% |
||||||||
Ashtead Capital, Inc., 5.63%,
10/01/24 (e) (r) (u) |
2,550 |
2,636,062 |
||||||
Terex Corp., 5.63%, 02/01/25 (c)
(e) |
7,900 |
7,860,500 |
||||||
United Rentals North America,
Inc., 5.50%, 05/15/27 (r) |
4,825 |
4,873,250 |
||||||
United Rentals North America, Inc., 5.75%, 11/15/24 (c) |
6,125 |
6,293,438 |
||||||
Total Infrastructure Services |
21,663,250 |
|||||||
Leisure -
3.6% |
||||||||
Boyd Gaming Corp., 6.38%,
04/01/26 (c) (r) |
9,775 |
10,117,125 |
||||||
Cedar Fair LP, 5.38%, 04/15/27
(r) |
2,200 |
2,211,000 |
||||||
GLP Capital LP, 5.38%, 04/15/26
(c) |
7,925 |
8,280,832 |
||||||
MGM Growth Properties Operating Partnership LP, 5.63%, 05/01/24 |
9,775 |
10,166,000 |
||||||
Total Leisure |
30,774,957 |
|||||||
Media -
3.4% |
||||||||
CCO Holdings LLC, 5.75%, 01/15/24
(r) |
7,450 |
7,645,563 |
||||||
CCO Holdings LLC, 5.88%, 05/01/27
(c) (e) (r) |
6,850 |
7,108,930 |
||||||
CSC Holdings LLC, 5.25%,
06/01/24 |
8,800 |
8,932,000 |
||||||
CSC Holdings LLC, 10.88%, 10/15/25 (c) (e) |
5,128 |
5,920,276 |
||||||
Total Media |
29,606,769 |
|||||||
Metals &
Mining - 4.4% |
||||||||
Alcoa Nederland Holding BV,
7.00%, 09/30/26 (c) (e) (r) |
8,450 |
9,110,114 |
||||||
ArcelorMittal, 6.13%, 06/01/25
(r) (u) |
5,650 |
6,252,120 |
||||||
ArcelorMittal, 6.75%, 03/01/41
(r) (u) |
3,475 |
3,873,690 |
||||||
Hudbay Minerals, Inc., 7.63%,
01/15/25 (e) (r) (u) |
10,325 |
10,596,031 |
||||||
Kinross Gold Corp., 4.50%, 07/15/27 (u) |
8,450 |
8,027,500 |
||||||
Total Metals & Mining |
37,859,455 |
|||||||
Oil Gas
Transportation & Distribution - 7.5% |
||||||||
AmeriGas Partners LP, 5.50%,
05/20/25 (c) |
8,300 |
8,268,875 |
||||||
Antero Midstream Partners LP,
5.38%, 09/15/24 (c) |
5,825 |
5,870,435 |
||||||
Blue Racer Midstream LLC, 6.13%,
11/15/22 (c) (e) |
4,325 |
4,389,875 |
||||||
Crestwood Midstream Partners LP,
6.25%, 04/01/23 |
6,475 |
6,636,875 |
||||||
Genesis Energy LP, 6.50%,
10/01/25 |
8,100 |
7,877,250 |
||||||
Global Partners LP, 6.25%,
07/15/22 |
4,325 |
4,270,937 |
||||||
Holly Energy Partners LP, 6.00%,
08/01/24 (e) |
6,900 |
7,120,800 |
||||||
LBC Tank Terminals Holding
Netherlands BV, 6.88%, 05/15/23 (c) (e) (u) |
3,325 |
3,142,125 |
||||||
Parkland Fuel Corp., 6.00%,
04/01/26 (e) (u) |
4,600 |
4,641,630 |
||||||
Targa Pipeline Partners LP,
5.88%, 08/01/23 (c) |
5,725 |
5,713,206 |
||||||
Targa Resources Partners LP,
5.25%, 05/01/23 (c) (r) |
5,000 |
5,089,700 |
||||||
Targa Resources Partners LP, 5.38%, 02/01/27 |
1,575 |
1,610,438 |
||||||
Total Oil Gas Transportation & Distribution |
64,632,146 |
|||||||
Real Estate -
3.1% |
||||||||
American Homes 4 Rent LP, 4.25%,
02/15/28 (r) |
4,550 |
4,503,189 |
||||||
Hospitality Properties Trust,
4.95%, 02/15/27 (r) |
6,775 |
6,715,983 |
||||||
iStar, Inc., 5.25%,
09/15/22 |
3,300 |
3,238,125 |
||||||
Lamar Media Corp., 5.38%,
01/15/24 (c) |
7,475 |
7,661,875 |
||||||
Starwood Property Trust, Inc., 4.75%, 03/15/25 (r) |
4,550 |
4,527,250 |
||||||
Total Real Estate |
26,646,422 |
|||||||
Telecommunication Services - 8.6% |
||||||||
American Tower Corp., 3.60%,
01/15/28 (r) |
7,850 |
7,736,644 |
||||||
CenturyLink, Inc., Series U,
7.65%, 03/15/42 (c) |
10,925 |
9,586,687 |
||||||
Crown Castle International Corp.,
3.80%, 02/15/28 (r) |
5,000 |
4,969,891 |
||||||
Crown Castle International Corp.,
4.75%, 05/15/47 (r) |
5,425 |
5,359,080 |
||||||
CyrusOne LP, 5.38%,
03/15/27 |
10,100 |
10,450,470 |
||||||
Digital Realty Trust LP, 3.70%,
08/15/27 (r) |
6,810 |
6,742,377 |
||||||
Equinix, Inc., 5.38%, 05/15/27
(r) |
8,900 |
9,347,670 |
||||||
SBA Communications Corp., 4.88%,
07/15/22 |
2,875 |
2,914,531 |
||||||
SBA Communications Corp., 4.88%,
09/01/24 (c) |
7,025 |
7,097,358 |
||||||
T-Mobile USA, Inc., 6.50%,
01/15/26 (r) |
1,025 |
1,094,188 |
||||||
Zayo Group LLC, 5.75%, 01/15/27
(e) (r) |
3,625 |
3,617,025 |
||||||
Zayo Group LLC, 6.00%, 04/01/23 |
5,175 |
5,239,688 |
||||||
Total Telecommunication Services |
74,155,609 |
|||||||
Transportation
- 0.6% |
||||||||
Watco
Companies LLC, 6.38%, 04/01/23 (c) (e) |
5,050 |
5,075,250 |
||||||
Utility -
2.6% |
||||||||
AES Corp., 4.88%, 05/15/23
(c) |
4,250 |
4,308,438 |
||||||
AES Corp., 6.00%,
05/15/26 |
1,250 |
1,324,975 |
||||||
Calpine Corp., 5.75%, 01/15/25
(r) |
5,250 |
5,223,750 |
||||||
Emera US Finance LP, 3.55%,
06/15/26 (c) (u) |
4,600 |
4,550,541 |
||||||
NRG Energy, Inc., 6.63%, 01/15/27 (c) |
6,425 |
6,914,906 |
||||||
Total Utility |
22,322,610 |
|||||||
Total
CORPORATE CREDIT |
||||||||
(Cost $424,895,181) |
424,885,371 |
|||||||
TERM LOANS -
1.4% |
||||||||
Crestwood Holdings LLC, 10.11%,
(3 Month LIBOR USD + 0.75%), 03/05/2023 (k) (p) (v) |
4,705 |
4,612,939 |
||||||
EPIC Y-Grade Services LP, 8.11%, (3 Month LIBOR USD + 0.55%), 06/13/2025 (k) (p) (v) |
7,400 |
7,196,500 |
||||||
Total TERM
LOANS |
||||||||
(Cost $11,899,083) |
11,809,439 |
|||||||
|
Shares |
Value |
||||||
COMMON STOCKS
- 28.5% |
||||||||
Airports -
0.3% |
||||||||
Aeroports de Paris
(u) |
2,700 |
$ |
522,394 |
|||||
Auckland International Airport
Ltd. (u) |
243,500 |
1,350,840 |
||||||
Japan Airport Terminal Company Ltd. (u) |
26,323 |
1,115,305 |
||||||
Total
Airports |
2,988,539 |
|||||||
Communications
- 1.4% |
||||||||
American Tower Corp.
(c) |
41,950 |
8,266,667 |
||||||
Crown Castle International Corp. (c) |
27,900 |
3,571,200 |
||||||
Total
Communications |
11,837,867 |
|||||||
Datacenters -
0.1% |
||||||||
Digital
Realty Trust, Inc. (c) |
10,000 |
1,190,000 |
||||||
Diversified -
1.6% |
||||||||
City Developments Ltd.
(u) |
178,258 |
1,192,982 |
||||||
CK Asset Holdings Ltd.
(u) |
138,443 |
1,232,945 |
||||||
Dexus (u) |
153,500 |
1,389,257 |
||||||
Hufvudstaden AB (u)
|
45,000 |
781,265 |
||||||
Invincible Investment Corp.
(u) |
1,710 |
836,790 |
||||||
Land Securities Group PLC (c)
(u) |
125,900 |
1,498,970 |
||||||
Merlin Properties Socimi SA (n)
(u) |
56,252 |
736,182 |
||||||
Sun Hung Kai Properties Ltd.
(u) |
90,500 |
1,555,761 |
||||||
The British Land Company PLC
(u) |
205,700 |
1,579,297 |
||||||
The GPT Group (u)
|
362,300 |
1,598,122 |
||||||
Wharf Real Estate Investment Company Ltd. (u) |
213,900 |
1,594,134 |
||||||
Total
Diversified |
13,995,705 |
|||||||
Electricity
Transmission & Distribution - 1.3% |
||||||||
Edison International
|
33,500 |
2,074,320 |
||||||
National Grid PLC
(u) |
416,591 |
4,624,321 |
||||||
Sempra Energy (c) |
34,600 |
4,354,756 |
||||||
Total
Electricity Transmission & Distribution |
11,053,397 |
|||||||
Gas Utilities
- 0.7% |
||||||||
Atmos Energy Corp.
(c) |
18,800 |
1,935,084 |
||||||
China Gas Holdings Ltd.
(u) |
520,130 |
1,832,376 |
||||||
Hong Kong & China Gas Company
Ltd. (u) |
272,889 |
654,454 |
||||||
NiSource, Inc. (c) |
72,500 |
2,077,850 |
||||||
Total Gas
Utilities |
6,499,764 |
|||||||
Healthcare
Real Estate - 0.9% |
||||||||
HCP, Inc. (c) |
57,000 |
1,784,100 |
||||||
Physicians Realty Trust
(c) |
98,201 |
1,847,161 |
||||||
Ventas, Inc. (c)
|
39,290 |
2,507,095 |
||||||
Welltower, Inc. (c) |
23,500 |
1,823,600 |
||||||
Total
Healthcare Real Estate |
7,961,956 |
|||||||
Hotel -
0.3% |
||||||||
Park Hotels & Resorts, Inc.
(c) |
49,900 |
1,550,892 |
||||||
RLJ Lodging Trust (c) |
76,040 |
1,336,023 |
||||||
Total
Hotel |
2,886,915 |
|||||||
Industrial -
0.6% |
||||||||
Americold Realty
Trust |
39,114 |
1,193,368 |
||||||
Granite Real Estate Investment
Trust (u) |
25,905 |
1,237,725 |
||||||
Prologis, Inc. (c)
|
21,500 |
1,546,925 |
||||||
Tritax Big Box REIT PLC
(u) |
410,521 |
768,128 |
||||||
Tritax EuroBox PLC (e) (u) |
361,477 |
457,622 |
||||||
Total
Industrial |
5,203,768 |
|||||||
Master Limited
Partnerships - 4.9% |
||||||||
Energy Transfer LP
(c) |
463,226 |
7,119,784 |
||||||
Enterprise Products Partners LP
(c) |
247,791 |
7,210,718 |
||||||
Magellan Midstream Partners LP
(c) |
113,420 |
6,876,655 |
||||||
MPLX LP (c) |
202,566 |
6,662,396 |
||||||
Phillips 66 Partners LP
(c) |
132,118 |
6,916,377 |
||||||
Plains All American Pipeline LP
(c) |
292,318 |
7,164,714 |
||||||
Thunderbird Resources Equity, Inc. (f) (l) (n) |
11 |
11 |
||||||
Total Master
Limited Partnerships |
41,950,655 |
|||||||
Midstream -
4.2% |
||||||||
Cheniere Energy, Inc. (c)
(n) |
135,855 |
9,287,048 |
||||||
ONEOK, Inc. (c)
|
106,174 |
7,415,192 |
||||||
Targa Resources
Corp. |
169,258 |
7,032,670 |
||||||
The Williams Companies, Inc. (c) |
432,024 |
12,407,729 |
||||||
Total
Midstream |
36,142,639 |
|||||||
Net Lease -
0.5% |
||||||||
EPR Properties (c)
|
10,500 |
807,450 |
||||||
MGM Growth Properties LLC
(c) |
67,213 |
2,167,619 |
||||||
WP Carey, Inc. (c) |
15,100 |
1,182,783 |
||||||
Total Net
Lease |
4,157,852 |
|||||||
Office -
2.7% |
||||||||
Allied Properties Real Estate
Investment Trust (u) |
21,200 |
782,101 |
||||||
alstria office REIT-AG
(u) |
100,584 |
1,637,132 |
||||||
Boston Properties, Inc.
(c) |
3,000 |
401,640 |
||||||
CapitaLand Commercial Trust
(u) |
535,999 |
767,948 |
||||||
Cousins Properties, Inc.
(c) |
81,700 |
789,222 |
||||||
Daiwa Office Investment Corp.
(u) |
87 |
618,892 |
||||||
Derwent London PLC
(u) |
13,637 |
572,831 |
||||||
Gecina SA (u) |
13,000 |
1,923,077 |
||||||
Great Portland Estates PLC
(u) |
58,303 |
567,111 |
||||||
Highwoods Properties, Inc.
(c) |
34,200 |
1,599,876 |
||||||
Hongkong Land Holdings Ltd.
(u) |
211,100 |
1,502,536 |
||||||
Hudson Pacific Properties, Inc.
(c) |
40,200 |
1,383,684 |
||||||
Hulic Reit, Inc. (u)
|
200 |
340,808 |
||||||
Kenedix Office Investment Corp.
(u) |
84 |
583,191 |
||||||
Keppel REIT (u)
|
622,712 |
593,146 |
||||||
Kilroy Realty Corp.
(c) |
35,100 |
2,666,196 |
||||||
Mitsubishi Estate Company Ltd.
(u) |
135,720 |
2,462,629 |
||||||
Mitsui Fudosan Company Ltd.
(u) |
96,937 |
2,441,993 |
||||||
NIPPON REIT Investment Corp.
(u) |
110 |
423,970 |
||||||
SOHO China Ltd. (n) (u) |
2,131,800 |
898,188 |
||||||
Total
Office |
22,956,171 |
|||||||
Pipelines -
3.7% |
||||||||
Enbridge, Inc. (u)
|
146,409 |
5,302,649 |
||||||
Enbridge, Inc. (c)
(u) |
184,531 |
6,691,094 |
||||||
Infraestructura Energetica Nova
SAB de CV (u) |
109,200 |
438,820 |
||||||
Inter Pipeline Ltd.
(u) |
104,100 |
1,722,341 |
||||||
Kinder Morgan, Inc.
(c) |
577,651 |
11,558,797 |
||||||
Kunlun Energy Company Ltd.
(u) |
600,774 |
628,879 |
||||||
Pembina Pipeline Corp.
(u) |
76,100 |
2,795,487 |
||||||
TransCanada Corp. (u) |
58,000 |
2,604,976 |
||||||
Total
Pipelines |
31,743,043 |
|||||||
Ports -
0.1% |
||||||||
China
Merchants Port Holdings Company Ltd. (u) |
291,683 |
622,059 |
||||||
Rail -
0.1% |
||||||||
Rumo
SA (n) (u) |
123,900 |
601,882 |
||||||
Renewables/Electric Generation - 1.1% |
||||||||
American Electric Power Company,
Inc. (c) |
18,000 |
1,507,500 |
||||||
Emera, Inc. (c) (u)
|
23,100 |
863,776 |
||||||
Engie SA (u) |
81,800 |
1,219,877 |
||||||
Entergy Corp. (c)
|
21,400 |
2,046,482 |
||||||
FirstEnergy Corp.
(c) |
56,400 |
2,346,804 |
||||||
Orsted A/S (e) (u)
|
13,800 |
1,046,734 |
||||||
Vistra Energy Corp. (n) |
25,848 |
672,823 |
||||||
Total
Renewables/Electric Generation |
9,703,996 |
|||||||
Residential -
1.5% |
||||||||
Advance Residence Investment
Corp. (u) |
282 |
785,610 |
||||||
AvalonBay Communities, Inc.
(c) |
15,100 |
3,031,023 |
||||||
Essex Property Trust, Inc.
(c) |
5,731 |
1,657,634 |
||||||
Kenedix Residential Next
Investment Corp. (u) |
478 |
792,705 |
||||||
Mid-America Apartment
Communities, Inc. (c) |
24,100 |
2,634,853 |
||||||
Nippon Accommodations Fund, Inc.
(u) |
123 |
624,059 |
||||||
Vonovia SE (u) |
67,129 |
3,483,714 |
||||||
Total
Residential |
13,009,598 |
|||||||
Retail -
0.4% |
||||||||
Federal Realty Investment Trust
(c) |
5,800 |
799,530 |
||||||
Regency Centers
Corp. |
14,900 |
1,005,601 |
||||||
Simon Property Group, Inc. (c) |
11,200 |
2,040,752 |
||||||
Total
Retail |
3,845,883 |
|||||||
Self Storage -
0.4% |
||||||||
CubeSmart (c) |
26,200 |
839,448 |
||||||
Public Storage (c) |
10,800 |
2,352,024 |
||||||
Total Self
Storage |
3,191,472 |
|||||||
Toll Roads -
1.6% |
||||||||
Atlantia SpA (u)
|
115,400 |
2,992,788 |
||||||
Ferrovial SA (u)
|
100,660 |
2,358,823 |
||||||
Promotora y Operadora de
Infraestructura SAB de CV (u) |
57,904 |
574,140 |
||||||
Transurban Group (u)
|
293,823 |
2,755,799 |
||||||
Vinci SA (u) |
50,800 |
4,942,955 |
||||||
Total Toll
Roads |
13,624,505 |
|||||||
Water -
0.1% |
||||||||
United Utilities Group PLC (u) |
99,281 |
1,054,436 |
||||||
Total COMMON
STOCKS |
||||||||
(Cost $218,596,394) |
246,222,102 |
|||||||
SHORT-TERM
INVESTMENT - 1.7% |
||||||||
Money Market
Fund - 1.7% |
||||||||
First American Treasury Obligations Fund, Class X, 2.37% (y) |
14,651,059 |
14,651,059 |
||||||
Total
SHORT-TERM INVESTMENT |
||||||||
(Cost $14,651,059) |
14,651,059 |
|||||||
Total
Investments - 130.2% |
||||||||
(Cost
$1,107,286,296) |
1,123,176,004
|
|||||||
Liabilities in Excess of Other Assets - (30.2)% |
(260,162,462 |
) | ||||||
TOTAL NET ASSETS - 100.0% |
$ |
863,013,542 |
The following notes should be read in conjunction with the
accompanying Schedule of Investments. | |||
LIBOR - London Interbank Offered Rate |
|||
LLC - Limited Liability Company |
|||
LP - Limited Partnership |
|||
(c) - All of a portion of this security is pledged as collateral
for credit facility. As of March 31, 2019, the total value of the collateral was $258,533,905. | |||
(d) - Issuer is currently in default on its regularly scheduled interest
payment. |
|||
(e) - Security exempt from registration under Rule 144A of the
Securities Act of 1933. These securities may only be resold in transactions exempt from registration, normally to qualified institutional buyers. As of March 31, 2019, the total value of all such securities was $311,446,006 or 36.1% of
net assets. | |||
(f) - Security fair valued in good faith pursuant to the fair
value procedures adopted by the Board of Directors. As of March 31, 2019, the total value of all such securities was $4,267,987 or 0.5% of net assets. | |||
(l) - Level 3 security. Value determined using significant
unobservable inputs. |
|||
(n) - Non-income producing security. |
|||
(p) - Private placement security. |
|||
(r) - Portion or entire principal amount delivered as collateral
for reverse repurchase agreements. As of March 31, 2019, the total value of the collateral was $116,783,953. | |||
(s) - Security is a “step up” bond where the coupon
increases or steps up at a predetermined date. Interest rate shown is the rate in effect as of March 31, 2019. | |||
(u) - Foreign security or a U.S. security of a foreign company.
|
|||
(v) - Variable rate security. Interest rate is based on
reference rate and spread or based on the underlying assets. Interest rate may also be subject to a cap or floor. Interest rate shown is the rate in effect as of March 31, 2019. | |||
(y) - The rate quoted is the annualized seven-day yield as of March 31,
2019. |
|
Level 1 - |
quoted prices in active markets for identical assets or liabilities
|
|
Level 2 - |
quoted prices in markets that are not active or other significant observable inputs (including, but not limited to:
quoted prices for similar assets or liabilities, quoted prices based on recently executed transactions, interest rates, credit risk, etc.) |
|
Level 3 - |
significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of assets
or liabilities) |
Asset Type |
Level
1 |
Level
2 |
Level
3 |
Total |
||||||||||||
U.S. Government & Agency
Obligations |
$ |
- |
$ |
3,434,097 |
$ |
- |
$ |
3,434,097 |
||||||||
Securitized Credit |
- |
367,243,909 |
54,930,027 |
422,173,936 |
||||||||||||
Corporate Credit |
- |
424,884,546 |
825 |
424,885,371 |
||||||||||||
Term Loans |
- |
11,809,439 |
- |
11,809,439 |
||||||||||||
Common Stocks |
182,259,056 |
63,963,035 |
11 |
246,222,102 |
||||||||||||
Money Market
Fund |
14,651,059 |
- |
- |
14,651,059 |
||||||||||||
Total
Investments |
$ |
196,910,115 |
$ |
871,335,026 |
$ |
54,930,863 |
$ |
1,123,176,004 |
Quantitative Information about Level 3 Fair Value Measurements (1) | ||||||
Asset
Type |
Value as of
March 31, 2019 |
Valuation Approach |
Valuation
Technique |
Unobservable
Input |
Amount or Range/ (Weighted Average) |
Impact to Valuation from an Increase in Input (2) |
Securitized Credit |
||||||
Class B
Notes |
$ 4,267,151 |
Income Approach |
Discounted Cash Flow |
Yield (Discount Rate of Cash Flows) |
7.8%-11.7% (10.5%) |
Decrease |
Corporate Credit |
||||||
Motors
Liquidation Co. |
825 |
Asset-Based
Approach |
Analysis of Residual
Value |
Anticipated Residual Value |
$0.01 |
Increase |
Common
Stocks |
||||||
Thunderbird Resources Equity, Inc. |
11 |
Asset-Based
Approach |
Analysis of Enterprise
Value |
Enterprise Value |
$1 |
Increase |
Total |
$ 4,267,987 |
|||||
(1) The table above does not include Level 3 securities that are valued by brokers and pricing services. At
March 31, 2019, the value of these securities was $50,662,876. The inputs for these securities are not readily available or cannot be reasonably estimated and are generally those inputs described in the Valuation of Investments above. The
appropriateness of fair values for these securities is monitored on an ongoing basis which may include results of back testing, unchanged price review, results of broker and vendor due diligence and consideration of macro or security specific
events. | ||||||
(2) The impact
represents the expected directional change in the fair value of the Level 3 investments that would result from an increase in the corresponding input. A decrease to the unobservable input would have the opposite effect. Significant
changes in these inputs could result in significantly higher or lower fair value measurements. |
Investments in Securities |
Securitized
Credit |
Corporate
Credit |
Common
Stocks |
Total
|
||||||||||||
Balance as of December 31, 2018 |
$ |
50,465,563 |
$ |
825 |
$ |
394,786 |
$ |
50,861,174 |
||||||||
Accrued discounts (premiums) |
484,104 |
- |
- |
484,104 |
||||||||||||
Realized gain (loss) |
12,898 |
- |
- |
12,898 |
||||||||||||
Change
in unrealized appreciation (depreciation) |
4,042,822 |
- |
(394,775 |
) |
3,648,047 |
|||||||||||
Purchases at cost |
14,191 |
- |
- |
14,191 |
||||||||||||
Sales
proceeds |
(89,551 |
) |
- |
- |
(89,551 |
) | ||||||||||
Transfers out of Level 3 |
- |
- |
- |
- |
||||||||||||
Balance as of March 31, 2019 |
$ |
54,930,027 |
$ |
825 |
$ |
11 |
$ |
54,930,863 |
||||||||
Change in unrealized gains or losses relating to assets still held at the reporting date |
$ |
4,042,822 |
$ |
- |
$ |
(394,775 |
) |
$ |
3,648,047 |
Total line of credit amount available |
$ 180,000,000 |
Line of credit outstanding at March 31, 2019 |
180,000,000 |
Line of credit amount unused at March 31,
2019 |
- |
Average balance outstanding during the period |
180,000,000 |
Interest expense incurred on line of credit during the period
|
1,570,837 |
Counterparty |
Borrowing
Rate |
Borrowing
Date |
Maturity Date |
Amount
Borrowed(1) |
Payable For
Reverse Repurchase Agreements |
JPMorgan Chase |
2.00% |
02/07/19 |
04/04/19 | $ 782,580 |
$ 784,884 |
JPMorgan Chase |
2.25 |
12/26/18 |
04/04/19 |
791,512 |
796,261 |
JPMorgan Chase |
2.50 |
02/07/19 |
04/04/19 |
12,369,773 |
12,407,632 |
JPMorgan Chase |
2.75 |
12/26/18 |
04/04/19 |
1,093,922 |
1,101,944 |
JPMorgan Chase |
2.75 |
02/07/19 |
04/04/19 |
2,270,079 |
2,279,270 |
JPMorgan Chase |
2.80 |
02/07/19 |
04/04/19 |
6,925,831 |
6,954,381 |
JPMorgan Chase |
2.95 |
12/26/18 |
04/04/19 |
760,024 |
765,758 |
JPMorgan Chase |
2.95 |
02/07/19 |
04/04/19 |
1,861,312 |
1,868,933 |
JPMorgan Chase |
3.00 |
12/26/18 |
04/04/19 |
747,536 |
753,111 |
JPMorgan Chase |
3.00 |
02/07/19 |
04/04/19 |
2,857,849 |
2,869,777 |
JPMorgan Chase |
3.10 |
02/07/19 |
04/04/19 |
6,779,281 |
6,810,220 |
JPMorgan Chase |
3.10 |
02/07/19 |
04/04/19 |
5,466,000 |
5,490,946 |
RBC Capital Markets |
3.15 |
03/05/19 |
06/05/19 |
9,205,000 |
9,226,737 |
RBC Capital Markets |
3.18 |
03/20/19 |
06/20/19 |
6,426,000 |
6,432,817 |
RBC Capital Markets |
3.21 |
02/22/19 |
05/21/19 |
5,488,000 |
5,506,615 |
RBC Capital Markets |
3.24 |
02/19/19 |
05/17/19 |
4,890,000 |
4,908,066 |
RBC Capital Markets |
3.25 |
02/11/19 |
04/05/19 |
3,376,000 |
3,390,920 |
RBC Capital Markets |
3.25 |
02/11/19 |
05/13/19 |
3,634,000 |
3,650,061 |
RBC Capital Markets |
3.32 |
01/25/19 |
04/25/19 |
3,025,000 |
3,043,415 |
RBC Capital Markets |
3.35 |
01/11/19 |
04/05/19 |
828,000 |
834,162 |
RBC Capital Markets |
3.35 |
01/11/19 |
04/11/19 |
2,497,000 |
2,515,583 |
RBC Capital Markets |
3.38 |
03/20/19 |
06/20/19 |
5,047,000 |
5,052,691 |
RBC Capital Markets |
3.39 |
02/21/19 |
05/21/19 |
4,025,000 |
4,039,787 |
RBC Capital Markets |
3.52 |
01/25/19 |
04/25/19 |
4,994,000 |
5,026,233 |
Total |
$ 96,140,699 |
$ 96,510,204 |
(1) |
The average daily balance of reverse repurchase agreements outstanding for the Fund
during the three months ended March 31, 2019 was $93,358,521 at a weighted average daily interest rate of 3.22%. |
|
Up to 30
Days |
30 to 90
Days |
Greater
Than 90 Days |
Total |
Corporate Credit |
$57,425,699 |
$38,715,000 |
$ - |
$96,140,699 |
Total |
$57,425,699 |
$38,715,000 |
$ - |
$96,140,699 |